Delta Asset Management LLC TN raised its position in shares of Universal Forest Products, Inc. (NASDAQ:UFPI) by 200.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,758 shares of the construction company’s stock after buying an additional 3,172 shares during the quarter. Delta Asset Management LLC TN’s holdings in Universal Forest Products were worth $179,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GW&K Investment Management LLC lifted its stake in shares of Universal Forest Products by 115.6% in the 4th quarter. GW&K Investment Management LLC now owns 786,699 shares of the construction company’s stock valued at $29,596,000 after purchasing an additional 421,822 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Universal Forest Products by 213.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 519,313 shares of the construction company’s stock valued at $19,537,000 after purchasing an additional 353,494 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Universal Forest Products by 166.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 468,674 shares of the construction company’s stock valued at $46,005,000 after purchasing an additional 292,650 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Universal Forest Products by 2.6% in the 2nd quarter. BlackRock Inc. now owns 3,268,039 shares of the construction company’s stock valued at $285,334,000 after purchasing an additional 82,962 shares during the last quarter. Finally, Pictet Asset Management Ltd. lifted its stake in shares of Universal Forest Products by 34.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 321,317 shares of the construction company’s stock valued at $31,541,000 after purchasing an additional 82,949 shares during the last quarter. Institutional investors and hedge funds own 26.82% of the company’s stock.

Shares of Universal Forest Products, Inc. (NASDAQ:UFPI) traded down $0.32 during mid-day trading on Tuesday, hitting $38.05. The company had a trading volume of 182,300 shares, compared to its average volume of 249,921. Universal Forest Products, Inc. has a 52-week low of $25.93 and a 52-week high of $39.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.62 and a quick ratio of 1.40. The company has a market cap of $2,320.00, a price-to-earnings ratio of 21.38, a P/E/G ratio of 1.75 and a beta of 1.85.

UFPI has been the subject of a number of research analyst reports. BidaskClub lowered Universal Forest Products from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research lowered Universal Forest Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, BMO Capital Markets initiated coverage on Universal Forest Products in a research note on Tuesday, October 17th. They set a “market perform” rating and a $36.67 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $39.17.

In other Universal Forest Products news, EVP Robert D. Coleman sold 5,000 shares of Universal Forest Products stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $110.15, for a total transaction of $550,750.00. Following the completion of the sale, the executive vice president now directly owns 1,680 shares of the company’s stock, valued at approximately $185,052. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Charles Scott Greene sold 3,000 shares of Universal Forest Products stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $39.05, for a total value of $117,150.00. The disclosure for this sale can be found here. Insiders have sold a total of 38,899 shares of company stock valued at $2,159,694 over the last three months. 3.40% of the stock is owned by corporate insiders.

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Universal Forest Products Company Profile

Universal Forest Products, Inc is a holding company. The Company, through its subsidiaries, supplies wood, wood composite and other products to three primary markets, such as retail, construction and industrial. Its segments include North, South, West, Alternative Materials, International, idX Holdings, Inc (idX) and Corporate divisions.

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Institutional Ownership by Quarter for Universal Forest Products (NASDAQ:UFPI)

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